A House of Horrors
Why is Home Ownership So Elusive for So Many Angelenos?
Moderated by Rick Wartzman, Director of The Drucker Institute at Claremont Graduate University In recent months, much of the attention in Southern California real estate circles has been on sinking home values, with the median price off nearly 20% from its peak of last spring and summer. But this sharp drop only serves to mask what in many ways is an even harsher reality: Home prices remain ridiculously out of reach for most L.A. residents. The latest figures from the National Association of Home Builders and Wells Fargo show that …
